What is Coinlist?
CoinList Pro, headquartered in San Francisco, California, emerged onto the cryptocurrency exchange scene on July 28, 2020. This centralized exchange operates with support for both fiat and crypto pairs, and it stands out as a platform that embraces regulatory compliance.
Regulatory Compliance and Geographic Restrictions
CoinList Pro holds the distinction of being a FinCEN-registered Money Services Business, allowing it to function in over 40 U.S. states as a money transmitter. While it extends its services internationally, the platform emphasizes its focus on the United States. Notably, CoinList Pro cautions that its materials and services are intended for use within the United States.
Supported Assets and Notable Features
At its mainnet launch, CoinList Pro declared support for Filecoin pairs. Beyond regular trading, CoinList Pro facilitates wBTC/BTC minting and burning, along with staking options for various assets such as CELO, ALGO, and XTZ.
Desktop-Centric Trading Experience
While many traders favor desktop platforms for their expansive screens and enhanced display capabilities, CoinList Pro has yet to introduce a mobile format. This may be a consideration for investors who prefer the flexibility and accessibility of mobile trading.
Trading Fee Structure
CoinList Pro employs a flat fee model for both takers and makers, with a standard rate of 0.50%. This fee structure notably exceeds the traditional global industry averages for centralized exchanges, which historically range between 0.20-0.25%. Recent trends show emerging averages around 0.10%-0.15%. CoinList Pro's fees, as indicated by the latest empirical study, surpass these industry benchmarks.
Withdrawal Fees Advantage
While the trading fees at CoinList Pro are comparatively high, the withdrawal fees present a more favorable scenario. With a withdrawal fee of 0.0005 BTC for Bitcoin withdrawals, CoinList Pro positions itself below the industry average, providing a competitive edge in this aspect.
Deposit Methods and Entry-Level Status
CoinList Pro supports deposits in both cryptocurrencies and fiat currency, albeit limited to wire transfers only. This inclusion of fiat deposits positions CoinList Pro as an "entry-level exchange," making it an appealing choice for newcomers venturing into the dynamic world of cryptocurrency.
What are the trading fees on Coinlist?
Withdrawal Fee 0.0005
Taker Fee 0.50%
Maker Fee 0.50%
Does Coinlist offer leverage trading?
CoinList Pro does not currently offer margin trading or leverage options.
